\”It’s the economy, stupid\” is a slight variation of the phrase \”The economy, stupid\” which James Carville coined as a campaign strategist of Bill Clinton\’s successful 1992 presidential campaign against sitting president George H. W. Bush.

gophum (Photo credit: GunnyG1345)

According to Republican media pundits, the main factor that most likely will destroy Obama’s dreams of a second term is the dismal state of the economy. Obviously, the American economy is in bad shape. And it is in bad shape because close to twenty percent of American workers have lost their jobs.

And Mitt Romney is going to win the coming election because he will create jobs for Americans — or so they say.

Actually, both Council on Foreign Relations preferred candidates, Barack Obama and Mitt Romney, claim that they will solve the unemployment problem. But, apart from the fact that oil magnates, Wall Street bankers and CEOs of transnational corporations are the very ones who created the problem, no president has the power to create true jobs — not even their own jobs………………..